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Achieving Representativeness of the Observable Component of the Indirect Utility Function in Logit Choice Models: An Empirical Revelation

Although probabilistic discrete-choice models such as multinomial logit are widely used, little consideration has been given to the appropriateness of the assumption of a representative utility function. The use of socioeconomic variables as proxies for unobserved attributes directly influencing... Full description

1st Person: Hensher, David A.
Source: in The journal of business : B Vol. 57, No. 2 (1984), p. 265-280
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Type of Publication: Article
Language: English
Published: 1984
Keywords: research-article
Online: Volltext
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